Bailouts

Even as sales of new homes in the United States plunge to the lowest level on record and even as confidence among U.S. consumers falls to dramatic new lows, it is coming out that bonuses for Wall Street executives and Fortune 500 CEOs are larger than ever. In fact, it is at some of the firms that received the most U.S. government assistance during the bailouts that executives are getting some of the biggest bailouts. So exactly how are the rest of us supposed to feel when millions of Americans are desperately suffering financially while executives at firms that were bailed out by the U.S. government are swimming in bonus cash? Should we be glad that at least a few fatcats are enjoying the American Dream while the rest of us suffer? (Read More...)